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MFIs delinquency rate drops 20% in Apr-Oct

MFIs delinquency rate drops 20% in Apr-Oct

Credit information company ECIS on Monday said the delinquency rate
of micro-finance institutions (MFIs) has declined by 20% between April
and October 2013.

“Delinquency rate by the number of accounts that are more than 30
days outstanding has declined 20% from 1% in April to 0.8% in October
2013,” Equifax Credit Information Services (ECIS) said in a report.